S&P/NZX50 Witnessed a Decline as Utilities Sector Encountered a Fall

On October 16, 2020, S&P/NZX50 ended the session in red, reflecting a fall of 0.43% to 12,433.16 and S&P/NZX20 declined by 0.65% to 8,161.78. On the same day, S&P/NZX10 witnessed a fall of 0.63% to 2,172.69. Utilities sector witnessed a fall of 2.24% and energy sector declined by 1.04%. On the flip side, real estate sector witnessed a rise of 0.75%.

Sector Summary (Source: Refinitiv (Thomson Reuters))

Sector Summary (Source: Refinitiv (Thomson Reuters))

Top Movers: Mainfreight Ltd (NZX: MFT) (up by 3.55%), Serko Ltd (NZX: SKO) (up by 3.17%) and Vista Group International Ltd (NZX: VGL) (up by 2.67%). On the other hand, Contact Energy Ltd (NZX: CEN) witnessed a fall of 4.44%.

Top Movers (Source: Refinitiv (Thomson Reuters))

Top Movers (Source: Refinitiv (Thomson Reuters))

Movements on Wall Street: On October 15, 2020, Dow Jones Industrial Average witnessed a fall of 0.069% to 28,494.20. Notably, NASDAQ Composite fell by 0.47% to 11,713.87.


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